From Greg Kaufmann:
This week Congress finished — finally — some leftover business from the Bush era. After fights over earmarks, automatic pay raises, and anything else Republicans thought they could score points with, the Senate finally approved the $410 billion FY09 omnibus spending package and President Obama signed it. There were indeed more than 8,500 earmarks costing over $7.7 billion — $4.6B sponsored by Dems and $3.1B by Republicans. Obama said that moving forward earmarks should be disclosed on the web and those for private, for-profit companies should be open to competitive bidding. Sen. Russ Feingold and two Republicans — Sen. John McCain and Rep. Paul Ryan — went further than that. They introduced legislation to give Obama a limited line-item veto for a new War on Earmarks.
Sadly, another piece of legislation from the Bush Days remains in limbo. A federal lands package — combining 166 bills — would set aside more than 2 million acres as protected wilderness and 100 miles of wild and scenic rivers. Last year Sen. Tom Coburn — the Grim Reaper of Senate legislation — stalled it. The Senate approved it this year but in a parliamentary twist this week the House fell just two votes shy of the 2/3 majority it needed (under suspension of rules which allow a vote without amendments). According to CongressDaily, Democratic leaders are now working on a strategy that would allow the bill to pass the House with a simple majority.
The much anticipated Employee Free Choice Act was introduced in the House by Rep. George Miller and in the Senate by Tom Harkin. The Senate doesn’t have the 60 votes it needs yet to beat a Republican filibuster, and the House won’t take it up until it passes the Senate. Harkin said he would like to see the bill on the floor as early as late April but Sen. Harry Reid has said it won’t come up until the summer.
This week was packed with efforts at rebuilding our financial regulatory architecture. Sens. Chuck Schumer and Dick Durbin introduced legislation to create a consumer protection agency for financial products such as predatory loans. The idea was first conceived by Elizabeth Warren, Harvard Professor and Chair of the Congressional Oversight Board for TARP.